Equitized enterprises are responsible for using the maximum number of employees

Legal Consulting Office of Lao Dong Newspaper answers:

Clauses 1, 3, Article 12 of Decree 57/2026/ND-CP on restructuring state capital in enterprises (effective from February 13, 2026) stipulate the principle of inheriting the rights and obligations of joint-stock companies converted from state-owned enterprises as follows:

1. Equitized enterprises are responsible for arranging and using the maximum number of employees at the time of equitization decision and resolving regimes for employees who quit their jobs or resign according to current regulations.

The joint-stock company has the obligation to inherit all responsibilities for employees from the equitized enterprise transferred to; has the right to select, arrange and use labor and coordinate with relevant agencies to resolve regimes for employees in accordance with the law.

3. The joint-stock company is allowed to use all assets and capital sources that have been handed over to organize production and business; inherit all legitimate rights and interests, and be responsible for debts, including tax debts, labor contracts and other obligations of equitized enterprises.

Thus, from February 13, 2026, equitized enterprises are responsible for arranging and using the maximum number of employees at the time of equitization decision and resolving regimes for employees to quit their jobs and resign according to current regulations.